• Title/Summary/Keyword: forecasting models

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A Choice-Based Substitutive Diffusion Model for Forecasting Analog and Digital Mobile Telecommunication Service Subscribers in Korea (국내 아날로그와 디지털 이동전화 서비스 가입자 수 예측을 위한 선택 관점의 대체 확산 모형)

  • 전덕빈;박윤서;김선경;박명환;박영선
    • Korean Management Science Review
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    • v.19 no.2
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    • pp.125-137
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    • 2002
  • The telecommunications market is expanding rapidly and becoming more substitutive. In this environment, demand forecasting is very difficult, yet important for both practitioners and researchers. in this paper, we adopt the modeling approach proposed dy Jun and Park [6]. The basic premise is that demand patterns result from choice behavior, where customers choose a product to maximize their utility. We apply a choice-based substitutive diffusion model to the Korean mobile telecommunication service market where digital service has completely replaced analog service. In comparison with Bass-type multigeneration models. our model provides superior fitting and forecasting performance. The choice-based model is useful in that it enables the description of such complicated environments and provides the flexibility to include marketing mix variables such as price and advertising in the regression analysis.

Studies on Rainfall Rate Forecasting for Reliable Satellite Broadcasting Service (안정된 위성방송서비스를 위한 강우강도 예측에 관한 연구)

  • Dung, Luong Ngoc Thuy;Sohn, Won
    • Proceedings of the Korean Society of Broadcast Engineers Conference
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    • 2013.11a
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    • pp.46-47
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    • 2013
  • In the satellite system design, the processes from the initial design to launch take about 5 years and the broadcasting satellite lifetime goes over 15 years. Furthermore, global warming phenomenon causes rainfall rate increasing more and more in some regions on the earth. Consequently, at the stage of the satellite link design, we need to consider the future rain attenuation over 20 years. In this paper, we investigated two time-series system models for forecasting to consider the future rainfall rate for the satellite broadcasting service. We found that rainfall rate of the future 30 years is increasing continuously.

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Forecasting uranium prices: Some empirical results

  • Pedregal, Diego J.
    • Nuclear Engineering and Technology
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    • v.52 no.6
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    • pp.1334-1339
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    • 2020
  • This paper presents an empirical and comprehensive forecasting analysis of the uranium price. Prices are generally difficult to forecast, and the uranium price is not an exception because it is affected by many external factors, apart from imbalances between demand and supply. Therefore, a systematic analysis of multiple forecasting methods and combinations of them along repeated forecast origins is a way of discerning which method is most suitable. Results suggest that i) some sophisticated methods do not improve upon the Naïve's (horizontal) forecast and ii) Unobserved Components methods are the most powerful, although the gain in accuracy is not big. These two facts together imply that uranium prices are undoubtedly subject to many uncertainties.

Error Forecasting Using Linear Regression Model

  • Ler, Lian Guey;Kim, Byung-Sik;Choi, Gye-Woon;Kang, Byung-Hwa;Kwang, Jung-Jae
    • Journal of Wetlands Research
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    • v.13 no.1
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    • pp.13-23
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    • 2011
  • In this study, Mike11 will be used as the numerical model where a data assimilation method will be applied to it. This paper aims to gain an insight and understanding of data assimilation in flood forecasting models. It will start with a general discussion of data assimilation, followed by a description of the methodology and discussion of the statistical error forecast model used, which in this case is the linear regression. This error forecast model is applied to the water level forecast simulated by MIKE11 to produced improved forecast and validated against real measurements. It is found that there exists a phase error in the improved forecasts. Hence, 2 general formula are used to account for this phase error and they have shown improvement to the accuracy of the forecasts, where one improved the immediate forecast of up to 5 hours while the other improved the estimation of the peak discharge.

Supramax Bulk Carrier Market Forecasting with Technical Indicators and Neural Networks

  • Lim, Sang-Seop;Yun, Hee-Sung
    • Journal of Navigation and Port Research
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    • v.42 no.5
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    • pp.341-346
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    • 2018
  • Supramax bulk carriers cover a wide range of ocean transportation requirements, from major to minor bulk cargoes. Market forecasting for this segment has posed a challenge to researchers, due to complexity involved, on the demand side of the forecasting model. This paper addresses this issue by using technical indicators as input features, instead of complicated supply-demand variables. Artificial neural networks (ANN), one of the most popular machine-learning tools, were used to replace classical time-series models. Results revealed that ANN outperformed the benchmark binomial logistic regression model, and predicted direction of the spot market with more than 70% accuracy. Results obtained in this paper, can enable chartering desks to make better short-term chartering decisions.

Urban Water Demand Forecasting Using Artificial Neural Network Model: Case Study of Daegu City

  • Jia, Peng;An, Shanfu;Chen, Guoxin;Jeon, Ji-Young;Jee, Hong-Kee
    • Proceedings of the Korea Water Resources Association Conference
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    • 2007.05a
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    • pp.1910-1914
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    • 2007
  • This paper employs a relatively new technique of Artificial Neural Network (ANN) to forecast water demand of Daegu city. The ANN model used in this study is a single hidden layer hierarchy model. About seventeen sets of historical water demand records and the values of their socioeconomic impact factors are used to train the model. Also other regression and time serious models are investigated for comparison purpose. The results present the ANN model can better perform the issue of urban water demand forecasting, and obtain the correlation coefficient of $R^2$ with a value of 0.987 and the relative difference less than 4.4% for this study.

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River Flow Forecasting Model for the Youngsan Estuary Reservoir Operation(III) - Pronagation of Flood Wave by Sluice Gate Operations - (영산호 운영을 위한 홍수예보모형의 개발(III) -배수갑문 조절에 의한 홍수파의 전달-)

  • 박창언;박승우
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.37 no.2
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    • pp.13.2-20
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    • 1995
  • An water balance model was formulated to simulate the change in water levels at the estuary reservoir from sluice gate releases and the inflow hydrographs, and an one-di- mensional flood routing model was formulated to simulate temporal and spatial varia- tions of flood hydrographs along the estuarine river. Flow rates through sluice gates were calibrated with data from the estuary dam, and the results were used for a water balance model, which did a good job in predicting the water level fluctuations. The flood routing model which used the results from two hydrologic models and the water balance model simulated hydrographs that were in close agreement with the observed data. The flood forecasting model was found to be applicable to real-time forecasting of water level fluc- tuations with reasonable accuracies.

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Real-Time Flood Forecasting System For the Keum River Estuary Dam(I) -System Development- (금강하구둑 홍수예경보 시스템 개발(I) -시스템의 구성-)

  • 정하우;이남호;김현영;김성준
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.36 no.2
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    • pp.79-87
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    • 1994
  • A real-time flood forecasting system(FLOFS) was developed for the real-time and predictive determination of flood discharges and stages, and to aid in flood management decisions in the Keum River Estuary Dam. The system consists of three subsystems : data subsystem, model subsystem, and user subsystem. The data subsystem controls and manages data transmitted from telemetering systems and simulated by models. The model subsystem combines various techniques for rainfall-runoff modeling, tidal-level forecasting modeling, one-dimensional unsteady flood routing, Kalman filtering, and autoregressivemovingaverage(ARMA) modeling. The user subsystem in a menu-driven and man-machine interface system.

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TAR(Threshold Autoregressive) Model for Short-Term Load Forecasting Using Nonlinearity of Temperature and Load (온도와 부하의 비선형성을 이용한 단기부하예측에서의 TAR(Threshold Autoregressive) 모델)

  • Lee, Gyeong Hun;Lee, Yun Ho;Kim, Jin O
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.399-399
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    • 2001
  • This paper proposes TAR(Threshold Autoregressive) model for short-term load forecasting including temperature variable. In the scatter diagram of daily peak load versus daily high or low temperature, we can find out that the load-temperature relationship has a negative slope in the lower regime and a positive slope in the upper regime due to the heating and cooling load, respectively. TAR model is adequate for analyzing these phenomena since TAR model is a piecewise linear autoregressive model. In this paper, we estimated and forecasted one day-ahead daily peak load by applying TAR model using this load-temperature characteristic in these regimes. The results are compared with those of linear and quadratic regression models.

TAR(Threshold Autoregressive) Model for Short-Term Load Forecasting Using Nonlinearity of Temperature and Load (온도와 부하의 비선형성을 이용한 단기부하예측에서의 TAR(Threshold Autoregressive) 모델)

  • Lee, Gyeong-Hun;Lee, Yun-Ho;Kim, Jin-O
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.309-405
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    • 2001
  • This paper proposes TAR(Threshold Autoregressive) model for short-term load forecasting including temperature variable. In the scatter diagram of daily peak load versus daily high or low temperature, we can find out that the load-temperature relationship has a negative slope in the lower regime and a positive slope in the upper regime due to the heating and cooling load, respectively. TAR model is adequate for analyzing these phenomena since TAR model is a piecewise linear autoregressive model. In this paper, we estimated and forecasted one day-ahead daily peak load by applying TAR model using this load-temperature characteristic in these regimes. The results are compared with those of linear and quadratic regression models.

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